The USD/JPY currency pair is ending the trading week with gains near the 159.70 area. Moving averages indicate a bullish trend. Prices have broken upwards through the area between the signal lines, indicating upward pressure from US dollar buyers and potential continued price growth from current levels. Currently, we expect an attempt at a price correction and a test of support near the 156.45 area. This should then lead to an upward rebound and continued growth above the 168.45 level.
USD/JPY Weekly Forecast March 16 – 20, 2026
An additional signal favoring the USD/JPY pair’s growth this trading week will be a rebound from the bullish trendline on the relative strength indicator. A second signal will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of the 152.75 area would cancel out the USD/JPY uptrend this trading week (March 16-20, 2026). This would indicate a breakout of the support area and a continuation of the pair’s decline on the Forex market below 148.45. A breakout of the resistance area and a price close above 161.15 would confirm a rally in the USD/JPY pair.
USD/JPY Weekly Forecast March 16 – 20, 2026 suggests an attempt at a bearish correction and a test of support near 156.45. From there, we should expect the pair to continue rising above 168.45. A test of the trendline on the relative strength indicator (RSI) would be an additional signal of growth. A decline and a break of 152.75 would cancel out the upside scenario. This would indicate continued decline with a potential target below 148.45.
